Announcement

Collapse
No announcement yet.

Eurasian Development Bank Analysts Say Armenia Will Lose Actually Th

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Eurasian Development Bank Analysts Say Armenia Will Lose Actually Th

    EURASIAN DEVELOPMENT BANK ANALYSTS SAY ARMENIA WILL LOSE ACTUALLY THE ONLY GROWTH FACTOR IN METAL PRICES KEEP FALLING

    arminfo
    Wednesday, August 1, 15:02

    In the case of steady decline in metal prices, Armenia will lose
    actually the only growth factor, says the quarterly "CIS Macromonitor",
    published by Analytic Unit of the Eurasian Development Bank (EDB).

    "In Armenia GDP growth has kept the dynamics, organized in the
    second half of last year, it exceeded its level for the same period
    of last year by 4.9 percent. A key driver was the industry, primarily
    metallurgy (16.6 percent). At the same time, a decline in inflation,
    which reached a minimum of 6 years (0.5 percent per annum), continued.

    A notable progress has been made in public finance - state budget
    deficit fell to 0.2 percent of GDP. However, EDB experts note that
    in case of sustainable drop in metal prices, the country will lose
    almost the sole existing growth factor, making its economy vulnerable
    to the effects of negative external factors," the report says.

Working...
X